As the boring ape mania intensified, OpenSea NFT transaction volume surged

As the speculative boom of Yuga Labs’ Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) heated up again, the NFT transaction volume on OpenSea soared in January.

According to the information Post According to “rchen8” on Dune Analytics, since the beginning of 2022, OpenSea’s transaction volume has exceeded 700 million U.S. dollars, of which January 3 is the largest day of the year, with a 24-hour transaction volume of 255.8 million U.S. dollars.

Although popular bystanders like Wu Blockchain assertion The transaction volume on January 3 was a record high for OpenSea. The previous data released by rchen8 on Dune Analytics showed that it set a record high (ATH) of US$322 million on August 29.

In December, OpenSea’s monthly transaction volume exceeded US$3.24 billion, which was only 5.3% lower than the platform’s August ATH of US$3.42 billion. Since the NFT market has conducted transactions worth more than $700 million in the first four days of January, if this momentum continues throughout the month, the record high may soon be broken.

Boring ape maniac

One factor that may cause a surge in OpenSea transaction volume is Recent craze around BAYC and MAYC NFT and a basket Other projects by Yuga Labs.

Data from CryptoSlam show MAYC is currently the number one NFT project with 7-day transaction volume in the secondary market, with a value of 93.2 million U.S. dollars, followed by BAYC NFT with 88.4 million U.S. dollars.

related: The Boring Ape Yacht Club NFT catches up with CryptoPunks and flips the reserve price

In the past 30 days, the MAYC and BAYC projects have generated revenues of US$189.7 million and US$182.6 million, respectively, making them the third and fourth NFT collections at the time of writing.

In terms of 24-hour trading volume, MAYC obtained a secondary trading volume worth $18.7 million, while BAYC generated $14 million. According to OpenSea data, the current reserve price of BAYC NFT is 67 ETH (worth about 250,000 USD), while the current reserve price of MAYC NFT is 15.87 ETH, or 59,300 USD.

January to present, count Pop culture icons According to reports, rapper Eminem, musician Britney Spears and comedian Dave Chappelle all snapped up BAYC NFT at six-figure prices this month.